碳纤维景气度提升！产能过剩，高端短缺，四大龙头“冰火两重天”

Core Viewpoint - Jilin Chemical Fiber (000420.SZ) anticipates improved performance due to price increases in carbon fiber products in March and May 2025, driven by a rise in market demand for carbon fiber [2] Group 1: Company Performance and Market Position - Jilin Chemical Fiber holds the highest operational capacity among domestic carbon fiber companies in 2024 [6] - Other A-share listed companies ranked by capacity include Zhongfu Shenying, Shanghai Petrochemical, and Guangwei Composites [6] - Shanghai Petrochemical is positioned similarly to Jilin Chemical Fiber as a "low-cost industrial application enterprise" but has not disclosed specific carbon fiber performance [6] Group 2: Industry Signals and Revenue - The leading carbon fiber companies, including Guangwei Composites, Zhongjian Technology, and Zhongfu Shenying, are expected to benefit from an increase in market demand [8] - In 2024, the total revenues for Guangwei Composites, Zhongjian Technology, and Zhongfu Shenying are projected to be 2.45 billion, 1.56 billion, and 810 million respectively [9] - Zhongjian Technology is a key supplier of high-end carbon fiber for aerospace applications, with 88% of its revenue coming from its largest customer [9]